Value Capital Partners (Pty) Ltd

SEC source: 0001140361-23-032777 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,642,598

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.53 and $3.60. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-031535 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,635,295

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase price for the transaction reported is $3.60. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-027339 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,634,095

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.56 and $3.60. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-026186 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,633,695

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.93 and $4.00. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-026186 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,630,095

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.79 and $3.88. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-025477 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,623,103

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.31 and $3.85. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-025477 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,604,703

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.65 and $3.82. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-025008 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,551,919

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.65 and $3.86. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-025008 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,521,380

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.46 and $3.73. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-015935 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,479,880

F2 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.60 and $4.85. Full information regarding the Shares of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F1 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the shares of common stock (the "Shares") directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-015935 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,420,468

F1 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the shares of common stock (the "Shares") directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-014912 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,418,543

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.06 and $4.50. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-014912 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,353,708

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.00 and $4.20. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-000253 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,352,908

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.31 and $4.50. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-000253 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,153,037

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.20 and $4.30. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-047467 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,139,470

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.95 and $4.30. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-047467 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,915,876

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.74 and $4.00. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-043324 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,750,700

F1 · price: The purchase price for the transaction reported herein was R70.00, or $4.08 based on a conversion rate of 0.058345 USD, which was the currency conversion closing price on the date of transaction. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-042139 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,670,700

F1 · price: The reported price represents the volume-weighted average price of the transactions reported here. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-035909 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 13,670,700

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $3.31 to $3.52. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-035499 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 13,160,250

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $3.19 to $3.47. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-035909 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 13,165,415

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase price for the transaction reported is ZAR58.00. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-035499 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,967,883

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $3.08 to $3.17. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-012419 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,957,245

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $5.46 to $5.50. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-22-011849 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,955,179

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent admission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-011849 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,943,249

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.86 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent admission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012425 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,899,972

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012425 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,887,571

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.82 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012423 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,305

F1 · price: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F1 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F2 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012422 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,105

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.45 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3 · ownership.nature: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.90 to $5.25. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012422 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,809,352

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.45 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012421 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,616,275

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.17 to $4.61. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012420 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,574,558

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.34 to $4.74. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-012420 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,504,167

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.09 to $4.50. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-21-010281 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,425,670

F3 · price: Purchase prices for the transactions reported here range from $5.39 to $5.50. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-21-010281 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,390,245

F1 · price: Purchase prices for the transactions reported here range from $5.45 to $5.50. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-21-005175 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,265,154

F1 · price: Purchase prices for the transactions reported here range from $4.96 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-029170 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,234,863

F1 · price: Purchase prices for the transactions reported here range from $3.83 to $4.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028868 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,955,135

F3 · price: Purchase prices for the transactions reported here range from $3.53 to $3.60. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028645 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,263,047

F3 · price: The purchase price for the transaction reported herein was $3.50. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028645 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,230,403

F1 · price: Purchase prices for the transactions reported here range from $3.43 to $3.50. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028868 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,410,050

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.57 based on a conversion rate of 0.06868 USD, which was the currency conversion closing price on the date of transaction. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026743 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,154,943

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.39 based on a conversion rate of 0.0651USD, which was the currency conversion closing price on the date of transaction. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026447 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,066,032

F1 · price: Purchase prices for the transactions reported here amounted to $3.40. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026270 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,059,032

F3 · price: Purchase prices for the transactions reported here range from $3.38 to $3.40. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026270 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,992,608

F1 · price: Purchase prices for the transactions reported here range from $3.34 to $3.40. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-025996 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,923,458

F3 · price: Purchase prices for the transactions reported here range from $3.33 to $3.36. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-025996 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,886,332

F1 · price: Purchase prices for the transactions reported here range from $3.31 to $3.40. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-025380 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,738,310

F1 · price: Purchase prices for the transactions reported here range from $3.02 to $3.15. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-022448 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,154,965

F2 · price: Purchase prices for the transactions reported here range from $3.38 to $3.45. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F1 · balance_after: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F1 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.